Safe Haven (Most States)
If you're edging towards retirement and need a safe, secure financial plan, the Safe Haven Bonus Guarantee annuity is just the ticket. Gain flexibility and absolute control over your investment duration, choose between three, five, six, seven, ten, or twenty years. Customization is key with this annuity. Only pay for features you need, leading to a greater interest rate and a larger payout.
With a fixed guaranteed interest rate, Safe Haven Bonus Guarantee is a fantastic annuity for tax-deferred monetary growth. All your money starts working for you right away. Enjoy peace of mind with guaranteed principal and interest as long as you stick with your contract. And at the end of your guarantee period, opt for a fresh one or withdraw without incurring any surrender charges. It's truly a safe haven for your investment!
Safe Haven (Most States)
About Product
MYGA Interest Rates
| Term |
Rate
Annual percentage yield (APY)
earned over the investment term |
|---|---|
| 3 years | 4.43% |
| 5 years | 4.65% |
| 6 years | 4.52% |
| 7 years | 4.49% |
| 10 years | 4.35% |
Death Benefit Feature - 0.25% interest reduction
Accumulated Interest Withdrawal - 0.05% interest reduction
Issue Ages
0 to 90 (5, 6, 7 and 10 year guarantee period)
0 to 75 (20 year guarantee period)
Market Value Adjustment (MVA)
The MVA expires at the end of each Guarantee Period and reinstates if you select a new Guarantee Period.
Cash Surrender Values
A surrender charge is taken on partial withdrawals or full surrenders during any surrender charge period. The surrender charge is the partial withdrawal amount or the contract value (for full surrenders) multiplied by the market value adjustment, multiplied by the surrender charge percentages shown below. Surrender charge calculations may be affected by the addition of riders.
Surrender charges during renewal periods: 5% all years
During the last 30 days before the end of any guarantee period, the contract can be surrendered with no market value adjustment or surrender charges.
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Death Benefit Feature | No | 0.25% rate reduction |
| Preferred 10% Free Withdrawal | No | 0.15% rate reduction |
| Accumulated Interest Withdrawal | No | 0.05% rate reduction |
| Death Benefit Feature | No | 0.25% rate reduction |
Waivers
Surrender Window
At the end of your guarantee period, you will have the option to renew your annuity for another guarantee period. We will contact you and provide a 30-day window to select a new guaranteed interest rate. During your 30-day window you can surrender your annuity for cash with no surrender charges or market value adjustment.
- A.M. Best B++
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